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Dave Ramsey’s Baby Steps: Step 4 – Save 15% for Retirement

photo credit: tlwebb Baby step four is to start saving money for retirement. Social Security and Medicare are basically bankrupt. If you are in your 20’s or 30’s you probably can’t count on too much...

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Dave Ramsey’s Baby Steps: Step 7 – Give, Save, and Spend!

photo credit: Eric Kilby Congratulations, you made it. When you get to baby step 7 you get to have a party. This is where you get to Give, Save, and Spend lots of money. These are the three things that...

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To Be a Good Investor, You Must Start With Lesson Number 1

This is a guest post by Mariusz Skonieczny. He is the founder and president of Classic Value Investors, LLC, an investment management company. He is also the author of Why Are We So Clueless about the...

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Tradeking Review

Tradeking is an online discount broker. I’ve been using it for around 2 years now so I thought I’d do a review. I’ve used several different brokers including ETrade and Zecco, and so far Tradeking has...

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What is a Bull Call Spread?

First off, let me get a disclaimer out there. I am not a professional and this is not to be considered advice. I have however spent a decent amount of time buying and selling options and stocks, and I...

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3 Steps to Getting Rich

Dishonest money dwindles away, but he who gathers money little by little makes it grow. Proverbs 13:11 I have a 100% fool proof way to get rich. This is not a scheme or a penny stock tip, and it works...

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Learn to Invest from the Best

“To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights or inside information. What’s needed is a sound intellectual framework for making decisions and...

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What Use is Money in the Hands of a Fool?

Of what use is money in the hand of a fool, since he has no desire to get wisdom. Proverbs 17:16 If you want to learn how to handle money well you have to be willing to learn from your mistakes. If you...

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Should I Invest or Prepay the Mortgage?

Many people get to the point after Baby Step 3 of having a nice sized emergency fund and they wonder what to do next. Should we start investing our extra money, or should we use it to pay off our...

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Don’t Panic, Profit

The market turmoil recently has reminded me of what the market was doing in late 2008 and early 2009. People were afraid of their shadows, and it seems things are getting that way again. Now the...

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